Strategic report Governance Financial statements Other information NOMINATION COMMITTEE REPORT SIGNIFICANT AND POSITIVE CHANGE Dear Shareholder Succession planning is a key As Chair of the Nomination Committee, I am pleased to present component of good governance. this report on the Committee’s activities in the year under review. The Committee has overseen a year of significant and positive change both at Board level and within the Group’s senior management. In implementing the Group’s succession plans, the Committee has overseen a number of high calibre appointments that have strengthened the overall skill set and diversity of the These new appointments demonstrate that despite the challenges Board and the Group’s senior management which will greatly of the COVID-19 pandemic, the Committee has successfully added benefit the ability of the Group to achieve its strategic objectives. a breadth of skills to the Board and can now report that Board In its approach to succession planning and recruitment, the membership covers the full range of skills identified in the Board Committee has continued to promote inclusion and diversity skills matrix. The Committee will continue to carry out regular across the business to support the Group’s growing and reviews of Board and Committee composition to monitor for any increasingly varied client base, and has overseen improvements upcoming deficiencies but does not anticipate any immediate need to the Group’s policy and strategy to encourage and embed a to recruit additional independent Non-Executive Directors. diverse and inclusive culture across the organisation. Following Philip Johnson having informed the Board on 29 July 2021 Attendance at Committee meetings during the year to 30 June 2021 During the period, Andrea Blance and Moni Mannings were of his intention to step down from his position as Chief Financial Eligible Attended recruited as independent Non-Executive Directors of the Officer, the Committee will undertake a search to identify Member Position meetings meetings Company and we welcomed Adrian Collins as a Nominated and appoint a successor. We are naturally at the early stages Deanna Director of the Company. Further details on their appointment of this search and will, of course, keep shareholders Oppenheimer Chair •••••••••• •••••••••• and the consequential changes to Committee memberships appropriately informed. Independent can be found in the body of the report. Andrea Blance Non-Executive Director ••••• ••••• The Committee ensured that the restrictions arising as a result Independent On 25 June 2021, the Company was pleased to announce the of the COVID-19 pandemic did not impact on the induction and Moni Mannings Non-Executive Director ••••• ••••• appointment of Penelope (Penny) James as Senior Independent inculcation of the newly appointed Directors. The robust induction Independent Director to replace Shirley Garrood who stepped down at the end included them each meeting over 20 people from the Group’s Roger Perkin Non-Executive Director •••••••••• •••••••••• of 2020. Penny James will become Senior Independent Director senior management. There have also been a number of one-on- Independent on 1 September 2021 and until that time Roger Perkin will remain one and small group deep dives into key issues which has greatly Fiona ClutterbuckNon-Executive Director ••• ••• interim Senior Independent Director. enhanced the level of debate and challenge at Board meetings. Independent Shirley Garrood Non-Executive Director ••••• ••••• I will be available to answer any questions at the AGM. If there are government measures in force restricting physical public gatherings at the time of the AGM and limiting shareholders’ ability to attend and ask questions then, as in 2020, shareholders will be invited to send questions to our company secretarial team by email. Further details will be set out in the Notice of AGM. 114 Hargreaves Lansdown Report and Financial Statements 2021